Quote from Flanco:
As explained to you many times, the strategy handed out is a LIFO strategy that trades with out stop losses and adds to positions on a 15% drop.
The strategy handed out in a public meeting showed ONLY gains and no losses over hundreds of trades (with the actual 'trades' themselves listed), and promoted an overall gain of 48%. That is the headline on the front page, with no mention of losing trades still running.
It was not UNTIL I RAISED THE ISSUE ON THIS WEBSITE that it was then revealed there were in fact a number of open losing positions that were not included in the promotional list....nor even mentioned at all!
Why did I need to raise the issue in order to have this important point brought to light? Does CoolTrade bring their potential customers into the office and say "Oh, you know that list of trades we gave you isn't....ah...correct? It is missing 18% of losses that are still active?"
This is so clearly misleading to potential buyers of the software that I feel it is my responsibility as an experienced trader and member of this board to bring it to light.
The FACT IS there are far more traders who lose money than who make money, no matter what broker or software platform they elect to use. And to use misleading promotional materials to say otherwise is against the spirit if not the letter of SEC and FTC regulations, and is simply dishonest.